Category: General

FTSE Bursa Malaysia KLCI (FBM KLCI) futures were higher in the early session on Friday, tracking the underlying cash market. At 9.40 am, the September 2024, October 2024 and December 2024 contracts rose 7.5 points to 1,671.5, 1,674.0, and 1,679.0, respectively, while March 2025 advanced 6.0 points to 1,663.5. Turnover stood at 2,539 lots, with open interest at 47,965 contracts. The FBM KLCI went up by 6.36 points to 1,672.01 after 40 minutes of trading. Source: BERNAMA News Agency

The substantial increase in the import clearance fee for high fructose corn syrup (HFCS) is seen to limit the use of artificial sweeteners in the country. In a statement released here on Friday, Sugar Regulatory Administration (SRA) chief Pablo Luis Azcona said the raise from PHP1.50 to PHP30 per equivalent bag of sugar was unanimously passed by the Sugar Board last month and forms part of Sugar Order (SO) 4. The concern on ‘other sugars’ or artificial sweeteners entering the country was raised by the United Federation of Sugar Producers (UNIFED) president Manuel Lamata as well as other sugar leaders

Manila: The Commission on Elections (Comelec) is looking to release by next week the names of party-list organizations that would be allowed to participate in the May 2025 polls. Comelec chairperson George Erwin Garcia said Friday that all pending cases need to be resolved first before the poll body can release the list. “Once we are able to resolve everything by Monday, we can release the list by Friday next week at the most,” he said in a radio interview. Garcia noted that the petitions for accreditation are being resolved based on merits. Based on the calendar of activities for

Global economic growth is projected to slow marginally to 2.9 percent in 2024 and 2025, down from 3.1 percent in 2023, according to a report released Thursday by the Institute of International Finance (IIF). “Geopolitical tensions remain elevated, shaped by ongoing conflicts in the Middle East, the protracted war between Russia and Ukraine, and a noticeable cooling in relations between Western democracies and China,” said the report. “These developments are occurring simultaneously, adding layers of complexity and uncertainty to the global landscape,” it added. “In such a volatile environment, political events gain heightened importance.” The IIF said the US general

Bursa Malaysia ended higher on Friday in line with most Asian markets, mirroring gains from Wall Street, where investors welcomed the US Federal Reserve’s substantial interest rate cut. The FTSE Bursa Malaysia KLCI (FBM KLCI) rose by 3.17 points, or 0.19 per cent, to 1,668.82 at the close from Thursday’s close of 1,665.65. It opened 5.03 points higher at 1,670.68, trading between 1,668.48 and 1,674.04 throughout the session. In the broader market, gainers outpaced decliners 732 to 468, while 465 counters were unchanged, 850 untraded and 32 suspended. Turnover swelled to 4.19 billion units worth RM5.97 billion, from Thursday’s 3.99